Martin Marietta Materials Inc. (NYSE:MLM) traded today at a new 52-week high of $351.52. This new high was reached on below average trading volume as 362,000 shares traded hands, while the average 30-day volume is approximately 538,000 shares.
Martin Marietta Materials is one of the United States’ largest producer of construction aggregates (crushed stone, sand, and gravel). In 2019, Martin Marietta sold 191 million tons of aggregates. Martin Marietta’s most important markets include Colorado, Florida, Georgia, Indiana, Iowa, Maryland, Nebraska, North Carolina, South Carolina, and Texas, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin’s specialty product business produces magnesia-based chemical products and dolomitic lime.
Based on a current price of $350.15, Martin Marietta Materials Inc. is currently 3.8% above its average consensus analyst price target of $336.97.
In the past 52 weeks, shares of Martin Marietta Materials Inc. have traded between a low of $135.08 and a high of $351.52 and is now at $350.15, which is 159% above that low price.
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